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Q3 private home prices up; new home sales double over previous quarter, but rents are down

Net absorption of private residential property stays in negative territory, reaching all-time low of minus 2,605 units

Kalpana Rashiwala
Published Fri, Oct 23, 2020 · 09:50 PM

    Singapore

    A SHARP rebound in private home sales in both primary and secondary markets in the third quarter underpinned continued gains in the official private home price index, but it was a different story in the leasing market.

    Private housing rents in Singapore continued to soften in Q3 2020, albeit at a slower clip, while vacancies rose

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